Emergency situation declared throughout the national territory until 9 June 2020, to restrict the spread of COVID-19. More information on website. 

The Ministry of Finance (MoF) has submitted for the review to the meeting of the Cabinet of Ministers the assessment report prepared in cooperation with the Bank of Latvia and the Financial and Capital Market Commission (FCMC) on merging the FCMC with the Bank of Latvia. Risk-benefit analysis confirms that merging the FCMC with the Bank of Latvia is a meaningful step, because a public benefit is gained as a result thereof. At the same time, the identified risks are manageable, by implementing corresponding risk hedging measures, inter alia, appropriate allocation of rights and responsibilities.

The Council of Europe Development Bank (CEB) approved a €150 million loan to Latvia to support the government’s policies to contain the outbreak of COVID-19 and ease budgetary pressures on the public health care sector.

On Monday, February 4, Japanese credit rating agency R&I reaffirmed its “A-” foreign currency issuer rating on the Republic of Latvia. The outlook remains stable.